Ns R 39 Monrovia, IN 46157
A. Applicability. These regulations apply to Planned Unit Development District (PUD) proposals and to any proposed amendment to an existing Planned Unit Development that would affect either the text of the PUD Ordinance or the Ordinance’s referenced exhibits. B. Intent. The Planned Unit Development (PUD) zoning district provides for the development of mixed…
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
PUD · Monrovia, INA. Applicability. These regulations apply to Planned Unit Development District (PUD) proposals and to any proposed amendment to an existing Planned Unit Development that would affect either the text of the PUD Ordinance or the Ordinance’s referenced exhibits. B. Intent. The Planned Unit Development (PUD) zoning district provides for the development of mixed zoning classifications, densities, and uses under a common classification when presented to the Plan Commission in a well -prepared, organized, and documented plan. This zoning district is intended to: • Encourage large -scale, identity -building developments that mix uses, building types, and building arrangements; • Provide greater flexibility for sites with natural constraints to conserve natural resources; and • Allow a review process for creative building types that do not fit well into other zoning districts. C. Required Approvals. A Planned Unit Development District requires the following approvals: 1. Ordinance and Concept Plan (collectively, “PUD Ordinance”) 2. Site Plan (8.7 Site Plan Review) 3. Approval of Primary Plat and Secondary Plat, if applicable. D. PUD Ordinance. 1. Application Procedures: a. Sketch Plan Conference: A sketch plan conference with the Administrator is required before the filing of any PUD application. This conference is held to allow the applicant to discuss characteristics of the development in relation to adopted Town policies. The conference allows the Administrator to review PUD procedures, development standards, and policies with the applicant. A draft of the proposed PUD Ordinance is required for the Sketch Plan conference. The applicant is encouraged to incorporate the Administrator’s comments into the proposal prior to filing the application. The Sketch Plan conference is intended only for discussion purposes; neither the applicant nor the Plan Commission is bound by any decision made during the conference. b. Who May File: Applications may be filed by a petition signed by the Property owners of the real estate involved in the petition, or the property owner’s authorized agent. If an authorized agent, then a consent form signed by the property owner must accompany the application. c. Filing Deadline: Applications must be filed according to the schedule of meeting and filing deadlines. The applicant is responsible for distributing a copy of the application and related materials to members of the Technical Advisory Committee. d.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.